Boralex Inc. (TSE:BLX) had its price target hoisted by equities research analysts at CIBC from C$24.50 to C$25.00 in a report issued on Monday. CIBC’s price target would suggest a potential upside of 14.26% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Raymond James Financial, Inc. upped their price objective on shares of Boralex from C$24.50 to C$26.00 in a research note on Tuesday, October 24th. BMO Capital Markets boosted their target price on shares of Boralex from C$24.50 to C$25.00 in a research report on Friday, September 8th.

Boralex (TSE:BLX) traded down C$0.18 during trading on Monday, reaching C$21.88. 276,385 shares of the company’s stock traded hands, compared to its average volume of 173,502. Boralex has a 1 year low of C$16.06 and a 1 year high of C$23.21.

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In other Boralex news, Director Michelle Samson-Doel sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of C$22.40, for a total value of C$44,800.00. Insiders sold 19,400 shares of company stock valued at $426,870 over the last three months.

Boralex Company Profile

Boralex Inc is a power producer that develops, constructs and operates renewable energy power stations. The Company’s segments include wind, hydroelectric, thermal and solar. It operates an asset base with a capacity of approximately 1,260 megawatts (MW), of which over 1,090 MW are under its control, consisting of approximately 490 MW in Canada, over 520 MW in France and over 80 MW in the Northeastern United States.

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